With the warm weather upon us (FINALLY!) it’s time to dust off your sandals and get to exploring Alberta. Here is a Summer Bucket List to make the most of our short summers and give you fond memories to look back on when you are shoveling snow in January. Feel free to print the list and let us know which ones you have completed!
1. Stop and smell the roses at the University of Alberta Botanic Garden
2. Eat something deep-fried at K-Days
3. Dance like nobody is watching at an outdoor music festival such as the Edmonton Folk Music Festival or The Edmonton Blues Festival
4. Sit on a patio on Whyte Ave and people-watch
5. Rent a bike or segway and zoom through the River Valley
6. Lounge on a tube and float down the Pembina River
If that title gave you pause, it should have. How could the European central bank head pose a threat to Canada? Canada’s trade is still heavily tilted to the US. European governments, let alone its central bank, aren’t counselling Trump-style protectionism. But financial market linkages, some of which appear to operate with more force than theory would suggest, imply that decisions taken in Frankfurt could have a significant bearing on Canada’s economic fortunes.
We’re not talking about a risk that the ECB tightening takes Europe into recession, and thereby stalls global growth in the process. That seems unlikely given how tame in ation has been in the Eurozone thus far. But even a very gradual move away from aggressive monetary ease, one that still leaves the Eurozone chugging along at its modest trend growth rate, will have spillover impacts for Canada through financial markets.